Five per cent increase in total revenues thanks to 6.1 per cent growth in Revenues Per Available Room (RevPAR) as a result of price increases

7.8 per cent increase in EBITDA and a 42 basis point increase in EBITDA margins, excluding capital gains

Melia.com continues to grow, with sales up by 17.9 per cent for the period

Optimisation of the digital distribution strategy developed by IDISO

Outstanding performance of the Gran Meliá Palacio de los Duques resort in Madrid (voted Best Hotel in Europe 2017)

Expansion and management model:

Meliá Hotels International will sign more than 30 new hotels during the remainder of 2017, having already signed 23 new hotels in the first nine months of the year and with four more to be signed in Asia in October. The company has recently opened the Meliá Iguazu in Argentina and is preparing the opening of the Meliá Serengeti Lodge, in Tanzania, and ME Sitges, in Spain, later this year

The pipeline (hotel agreements signed and in the process of opening) currently boasts a global offering of over 17,000 rooms in 70 hotels, representing 18 per cent of the current portfolio. 93 per cent of these hotels will be added to the Meliá Hotels International portfolio under management agreements

Meliá Hotels International has obtained more than 70 international awards and nominations to date for its hotels and their service attributes in 2017

Financial management:

Slight increase of €10.2 million in debt in the third quarter, bringing the total debt to €584.1 million. Meliá Hotels International makes a commitment to maintain Net Debt/EBITDA ratio at between 2 to 2.5 in the medium term, with the company expecting to end 2017 below a ratio of two

Increase in financial expenses due to negative exchange rate differences, despite the reduction in the average interest rate from 3.6 per cent to 3.3 per cent

Forecasts for the end of the year:

The Company expects a significant contribution in the fourth quarter of 2017 and throughout 2018 from hotels currently in the opening process and from new additions to the portfolio

Meliá Hotels International expects to achieve results in line with the market consensus, although it assumes that unexpected events such as hurricanes in the Caribbean, the evolution of the United States Dollar against the Euro, and uncertainty in Catalonia (where Meliá Hotels International operates 12 hotels) will have an impact on operations.